Hello everyone, today I would like to share some of the things I have brushed through about Cryptocurrency.
I think the psychological problem is really important, if you are a newcomer to the market, making risky decisions and following crowd psychology is really not an option. insight.
When I first learned about Crypto when it was really good, the market was so good that it made me really excited and unlucky at the time. After that, not knowing enough about the news made me invest in one. As a gamble, I waited 1 month and 2 months and did not see it recover. And then I decided to leave the market because I ran out of capital. Then the market started to recover and it made me go crazy because of my destiny. I would like to recommend that you always be strategic investors, and do not be too greedy. Actually I think this is not a place to get rich or use free capital to enter the market. With me personally the market is really catastrophic and a lot of volatility. Please wait and listen to more news to get the reviews and decisions for yourself.
Yes, trading and psychology is a very important aspect to be aware of. Big losses or even profits can make a trader reckless which will lead to poor decisions. A lot of seasoned traders give newbies the advice to think and act as if you were a robot. Set emotions aside and base your choices purely on objective information.
The psychological aspect actually made me switch from being a fundamental trader to a technical trader, and from trading manually to developing a bot that trades 24/7 for me. Sure, humans beat computers at many things but not at performing mathematical calculations. Also, computers know no emotions so these psychological disadvantages don't apply for them.